Thursday, July 06, 2006

Pre-Market

Citigroup out with semiconductor upgrades and downgrades this morning:
Upgrades from Hold to Buy
MCHP
ONNN
Downgrades from Buy to Hold
LLTC
ADI
MXIM

3 comments:

monkeydust said...

Keep AMD on your radar for tomorrow. Doesn't look good for them (and you could have seen this coming from their stock performance lately).

"AMD slashes second quarter sales outlook
Thursday July 6, 8:22 pm ET

NEW YORK (Reuters) - Computer processor maker Advanced Micro Devices Inc. (NYSE:AMD - News) on Thursday slashed its forecast for sales in the second quarter, saying sales are expected to fall 9 percent from the first quarter.

It previously forecast that sales would be flat to slightly down from the prior quarter.

The company said it expected second-quarter sales of about $1.22 billion, up 52 percent from a year earlier, but below analysts' average forecast of $1.31 billion, according to Reuters Estimates."

Jamie said...

Great, thanks for the info. Might be a good pre-market short. I noticed that Briefing.com didn't pick up the story. I guess it posted past their bedtime.

Also noticed that ATYT traded up 30 cents in AH. Don't know if you are still in that one.

monkeydust said...

Yeah, I saw ATYT trading up in AH. Figured it was on the buyout rumor again. It is still my largest holding in my 401k.

Dumped all my stocks in my daytrading account again. Still don't want to be holding in this market without a firm direction as it is too distracting while I hold a day job.